No. of Recommendations: 35
It's possible to achieve high growth rates of FV without relying on acquiring companies if you can develop products internally that people want.
Absolutely. But for context, you have to add the observation that the vast majority of such attempts to build great new things fail. We missed out totally on WeWork.
Berkshire's success to date has rested almost entirely on NOT trying that in any big way. Sticking with a collection of proven business models definitely doesn't work as well as trying "the new" and succeeding, but apparently works very much better than trying and failing. Fewer home runs, but way more base hits.
Jim
